In 2009, the Government of the Turks and Caicos Islands engaged British law firm Edwards Wildman to recover thousands of acres of land, including prime ocean-front property, and other valuable assets that had been misappropriated by politicians and their foreign, private-sector accomplices. It was part of a wider attempt to turn around the economy and reputation of the TCI.
In the ensuing four years, more than 3,000 acres and over $20 million in cash has been recovered for the Government.
At next month's OffshoreAlert Conference in Miami Beach, Florida, Edwards Wildman partner James Maton will take attendees behind-the-scenes of one of the largest civil asset recovery programs in the world, explain the intricacies and difficulties of recovering misappropriated assets, and discuss whether the same techniques can be applied in similar jurisdictions.
"Many claims have involved Court proceedings and trials in the Turks & Caicos Islands Supreme Court, both at first instance and the Court of Appeal, and the team has dealt with three appeals to the Privy Council so far," according to Edwards Wildman.
The session will form part of The 12th Annual OffshoreAlert Conference, which will be held at The Ritz-Carlton, South Beach in Miami Beach, Florida on May 4-6, 2014.
The conference will show participants in international finance how to identify and exploit financial opportunities, how to avoid legal and risk pitfalls, and how to recover assets if your once-promising business deal turns sour. You will also make great contacts by mingling with the crème de la crème in the private and public sectors of numerous onshore and offshore jurisdictions.
Our Miami Beach conference attracts attendees from more than 25 countries in different continents and is aimed at anyone who is involved in the highest-levels of international finance. These include: High Net Worth Individuals. Officers & Directors. Auditors. Bankers. Attorneys. Tax Advisers. Compliance Officers. Money Managers. Investors. Investigators. Regulators. Law Enforcement.
If you're in high finance, you should be in South Beach next month.
Tickets to this event may be purchased here.